Hello everyone. Crude oil has been really volatile since Feb mainly due to the supply issues.
Price has been retreated from the high created on March 7th by almost 30%. It formed a triangle shape with solid demand zone(92-94.81) being tested twice.
From the daily chart, we can see crude oil is at the crossroad. One possible scenario is the sideway move between the range of $92-$105.
What do you think? Feel free to share your thoughts below.
Price has been retreated from the high created on March 7th by almost 30%. It formed a triangle shape with solid demand zone(92-94.81) being tested twice.
From the daily chart, we can see crude oil is at the crossroad. One possible scenario is the sideway move between the range of $92-$105.
What do you think? Feel free to share your thoughts below.
Comment:
Triangle has been violated
plan your trade and trade your plan